Cost of goods available for sale is computed by adding

A) beginning inventory to net purchases.
B) beginning inventory to the cost of goods purchased.
C) net purchases and freight-in.
D) purchases to beginning inventory.

Cost of Goods Available

The total cost of a company's inventory that is available for sale during a certain period.

Net Purchases

The total purchases minus returns, allowances, and discounts.

Beginning Inventory

The financial value of stock prepared for transaction at the start of a bookkeeping period.